Selasa, 01 April 2008

USDJPY breaks above 101.03 previous high resistance

Wed, Apr 2 2008, 02:36 GMT
by Franco Shao

ForexCycle.com


USDJPY breaks above 101.03 previous high resistance and rebounds sharply to 102.15 level. Further rally to test 103.59 resistance is expected in a couple of days. Near term support is at the up trend line from 95.77 to 98.81, as long as the up trend line support holds, we’d expect up trend to continue.

USDJPY 4H chart

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